Form Fl-705 - State Of Oklahoma
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1Form FL-705
Revised 3-2016
MVC
Oklahoma Tax Commission
Dear Creditor:
On the
day of
,
, (taxpayer)
applied for an Oklahoma title to the following vehicle/boat/outboard motor:
Year and Make:
VIN/HIN:
Oklahoma Title:
Information provided shows you have a perfected lien on the above vehicle/boat/outboard motor. Under
Oklahoma law, a lien entry form has been completed for you and secures your interest in Oklahoma.
PLEASE KEEP THE ENCLOSED LIEN ENTRY FORM WITH YOUR RECORDS OF THE LOAN
OUT OF STATE CREDITORS
Oklahoma is not a title holding state. The Oklahoma title, with your security interest noted, will not be
If you want your debtor
released to your debtor until the current out-of-state title has been surrendered.
to have the Oklahoma title with your security interest noted
, please surrender the title you now hold
to the Oklahoma Tax Commission, P.O. Box 269061, Oklahoma City, Oklahoma 73126-9061. If you
surrender the title, the Oklahoma title will be MAILED TO THE DEBTOR. If you prefer to retain the title
you now hold, you may do so. However, when the lien is satisfied, you MUST release the Oklahoma
lien in the manner described below.
If your state is
a title holding state
NOT
and your debtor has the certificate of title with your lien noted
on the face of the document, Oklahoma will issue and mail a title, with your security interest noted, to
MUST
your debtor. You
release the Oklahoma lien in the manner described below.
When this lien is satisfied by your debtor, you must furnish a release to the debtor and to the Oklahoma
Tax Commission within seven (7) business days.
TO RELEASE YOUR SECURITY INTEREST:
Mail SIGNED AND DATED Lien Release to the Oklahoma Tax Commission, Post Office Box
1.
269061, Oklahoma City, Oklahoma 73126-9061.
Mail SIGNED AND DATED Lien Release to your debtor.
2.
3.
If the security interest has been satisfied by payment from a licensed used motor vehicle or boat/
outboard motor dealer to whom the motor vehicle/boat/outboard motor has been transferred, the
secured party shall also, within seven (7) business days after such satisfaction, mail a CERTIFIED
COPY to such dealer.
If you have questions about the procedure outlined in this letter, contact the Oklahoma Tax Commis-
sion, Motor Vehicle Division, Lien Section at 405-521-3535.
Sincerely,
, Motor License Agent
, Oklahoma
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